/biz/ - Business & Finance

>>21736588
The catch is that if Amazon goes down in price for the next 4 months, the Amazon 1/15/21 $3700 call that you bought will keep dropping in price and you won't be able to sell weekly calls for $3885 or higher at a decent price anymore. This is why you run this strategy with a long term outlook on growth stocks, and not something risky at the moment like AMC or Gamestop.

>>20763746
TSM is pretty solid but it's not an unreasonable move to cash out right now to lock in gains & re-enter your position after a correction. For all you know, TSM could be dragged down with AMD even if they beat earnings but not meet expectations.

>>20763809
If it's still -0.5% in 2 hours I'd be pretty scared for tech today.

>>20445506
:(
I took a FOMO gamble like a lot of other (dumb) people on TSLA. I'm making it back with some other safer and more studied plays (like the CCL/AAL puts). The CDC just announced an extension of the ban that's on cruise ships right now until September. So I'm betting that CCL will crab downwards a bit and then I'll sell those options when they hit +50% threshold. As for AAL, it's one of the weaker companies that just announced billions of debt for layoffs & pensions etc so, I'm getting it'll go down a bit more.

I lost 8k on Tesla so far but made 2k this week off TQQQ/AMZN put spreads so here's to making it back!